Altcoins News
By Steven Anderson
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Ethereum sustained a major downside correction after testing resistance at the $180 resistance area versus the US dollar.
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The hourly MACD for ETH/USD is transiting back in the Bullish Zone. The hourly RSI for ETH/USD is declining towards the 30, and it has recently recovered above 42.
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Meanwhile, Ethereum miners are concerned about the uncertain future. Miners are not interested in dealing with an unprofitable blockchain.
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This upgrade might likely minimize the advantages enjoyed by those who are using the ASICs chips.
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While miners are a major part of the Ethereum network, they have been not talked off as much, and they did not have as much voice until the update of ProgPow ever since August…
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It is important to note that the majority of miners are only concerned about the profit that they can get from Ethereum mining, and very few of them are loyal to the blockchain…
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Most of the miners who voted for ProgPow did for profit, and most of them will be greedy, and they will be selling their coins after they make the profit.
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